Inditex’s like-for-like sales rose in every region and across all brands last year with profits also increasing.
Gross profit was up 4% to €14.8bn (£12.7bn) while EBITDA rose 11% in local currencies to €5.4bn (£4.6bn).
Like for likes were up 4% overall while total sales increased 3% to €26.1bn (£18.6bn). Store space increased 5% with openings in 56 markets.
The group now has 7,490 stores in 96 markets. It focuses on prime locations kitted out with technology which provides customers with an integrated store and online experience and spent €1.62bn (£1.39bn) capex to support this strategy.
Online sales spiked 27%, totalling €3.2bn (£2.8bn). Last year, 2.94 billion visits were made to Inditex websites, a rise of 500 million. Orders fulfilled per minute reached a peak of 9,500.
Inditex chairman and chief executive Pablo Isla said: “Our investments in both logistics and stores in order to leverage the integrated platform, as well as our continued focus on prime locations, has enabled Inditex to offer customers a consistent and appealing proposition globally, across all our brands and channels.”
In current trading, store sales rose 7% during February and the first week of March. Inditex management estimates that like-for-likes will be between 4% and 6% over its next full year.
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